Constant Returns to Scale Exist When Long-Run Average Costs

question 131

Multiple Choice

Constant returns to scale exist when long-run average costs:

• A) increase as output is increased.
• B) decrease as output is increased.
• C) remain constant as output is increased.
• D) None of the preceding statements is correct.

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Definitions:

Wrongful Dismissal

Refers to a situation where an employee's termination from a job violates the contract of employment, or labor laws, especially without adequate notice or reasons.

Reorganization

A process aimed at restructuring a company's operations, finances, or structure, often to recover from distress and improve profitability.

Supervisor

An individual in a position of overseeing and directing the work of others, ensuring tasks and responsibilities are completed.

Wrongful Dismissal

Wrongful Dismissal occurs when an employee is terminated from their job in violation of the employment contract or against labor laws protecting employees.